An Alaska deed of trust transfers a real estate title from a trustor to a trustee to hold as security for a loan. The trustor may occupy the property as they pay off their debt until resolved, after which the title is returned back to them. If a default occurs, the property may be foreclosed by the trustee’s “power of sale” without court authorization.
An Alaska deed of trust transfers a real estate title from a trustor to a trustee to hold as security for a loan. The trustor may occupy the property as they pay off their debt until resolved, after which the title is returned back to them. If a default occurs, the property may be foreclosed by the trustee’s “power of sale” without court authorization.
An Alaska deed of trust transfers a real estate title from a trustor to a trustee to hold as security for a loan. The trustor may occupy the property as they pay off their debt until resolved, after which the title is returned back to them. If a default occurs, the property may be foreclosed by the trustee’s “power of sale” without court authorization.
A deed is complete once signed by the grantor and a notary public.[1] It should then be filed with the DNR Recorder’s Office.[2]
Certain requirements must be met before filing[3]:
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